News

BlockBeats News, on February 24, according to Bitget market data, spot gold fell below $5170 per ounce, with a daily decline of 1.12%. Spot silver dropped below $86 per ounce, down 2.52% on the day.

Foresight News reported that Step Finance announced on Twitter that Step Finance, SolanaFloor, and Remora Markets will cease all operations. "After the hacking incident at the end of January, we explored all possible paths forward, including financing and acquisition opportunities. Unfortunately, we were unable to achieve a viable outcome, so we have decided to immediately terminate all business activities. We are formulating a buyback plan for STEP holders based on a snapshot taken before the incident, and a redemption process for Remora rToken holders. Remora tokens will continue to maintain a 1:1 reserve ratio." According to previous Foresight News reports, Step Finance issued a statement regarding the hacking incident, stating that the attack originated from a company executive's device being compromised, resulting in the theft of approximately $40 million in assets from the treasury. Upon discovering the security breach, the team immediately launched an investigation with cybersecurity researchers and relevant authorities, notified law enforcement agencies, and temporarily suspended some operational activities.

Canaan Technology announced the acquisition of a 49% equity stake in Cipher Mining Technologies' joint mining projects—Alborz LLC, Bear LLC, and Chief Mountain LLC (ABC Projects)—for a transaction consideration of approximately $39.75 million. The ABC Projects are located in West Texas, USA, with a power capacity of 120MW, supporting approximately 4.4 EH/s of computing power. Canaan Technology completed the payment by issuing 806,439,900 Class A ordinary shares (equivalent to 53,762,660 American Depositary Shares, with a six-month lock-up period).